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Goodman proposes $290m internalisation deal

Property trust to buy out external management contract and create new funds business.

Goodman Property Trust is managed by Australia-based Goodman Group.

NBR Staff Mon, 26 Feb 2024

NZX-listed Goodman Property Trust, owner of a $4.5 billion industrial property portfolio, has announced a scheme to pay $290 million to buy out its management contract from Australia-based Goodman Group.

In a statement to the NZX, chief executive James Spence said internalising its management

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NBR Staff Mon, 26 Feb 2024
Contact the Writer: editor@nbr.co.nz
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Goodman proposes $290m internalisation deal
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